10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001410578-14-000168`
Period End Date	20140331
Filing Date	20140507
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	plow-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 41 Cash Flow Statement 53

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.22M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.26M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.34M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.26M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.22M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.49M	USD	Point-in-time
Inventories	`InventoryNet`	$27.98M	USD	Point-in-time
Inventories	`InventoryNet`	$46.88M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$2.65M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$3.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$4.20M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.32M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$98.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$79.85M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$25.33M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$24.87M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$1.08M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$1.08M	USD	Point-in-time
Goodwill	`Goodwill`	$113.13M	USD	Point-in-time
Goodwill	`Goodwill`	$113.13M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$123.42M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$121.97M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.22M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.07M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.25M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.80M	USD	Point-in-time
Total assets	`Assets`	$364.34M	USD	Point-in-time
Total assets	`Assets`	$345.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$12.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$14.42M	USD	Point-in-time
Short term borrowings	`ShortTermBorrowings`	$13.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$971.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$971.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.12M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$4.73M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$4.65M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.59M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$7.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$45.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$46.32M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$588.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$658.00K	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$110.02M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$109.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.13M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,223,454 and 22,130,996 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$222.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,223,454 and 22,130,996 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$223.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$135.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$136.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.14M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-862.00K	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-849.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$152.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$155.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$345.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$364.34M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$36.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$14.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$9.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$22.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.12M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.34M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.91M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.46M	USD	1 Quarter
Impairment of assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$647.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$-3.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.33M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.98M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.97M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-31.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.54M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-2.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$768.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.57M	USD	1 Quarter
Net income	`ProfitLoss`	$-3.40M	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarnings`	$-43.00K	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarnings`	$23.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.36M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.55M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.97M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.97M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.59M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-3.37M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.57M	USD	1 Quarter
Net income	`ProfitLoss`	$-3.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.02M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$190.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$189.00K	USD	1 Quarter
Loss recognized on impairment of assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$647.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$935.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$113.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$76.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.22M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.30M	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$136.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.01M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-28.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.81M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.90M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.32M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.76M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.85M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.58M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.93M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-157.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-70.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-151.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$647.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.15M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$843.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-843.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.29M	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$69.00K	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$137.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.89M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.65M	USD	1 Quarter
Revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$-13.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$288.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$288.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.25M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.07M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.32M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-13.06M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.